Paul Schofer was named the new CEO for the Kauffman Center for the Performing Arts in Kansas City. The center’s former CEO, Jane Chu, was confirmed by the U.S. Senate as the new chair of the National Endowment for the Arts last week. Schofer previously served as the center’s CFO and vice president of operations.
After eight years as CEO of UMB Fund Services Inc. and 30 years in the financial industry, John Zader has announced his retirement. During Zader’s time as CEO, assets under advisement grew from $132.5 billion to about $191 billion, and the number of active clients grew 60 percent. Two executive vice presidents have been promoted to fill Zader’s role.
In The News
Arch Coal CEO John Eaves addressed President Obama’s carbon cutting plan at the Coal USA Conference. Eaves said many leaders would likely oppose any plan that would increase coal cost or force plants to close. He also expressed optimism that states have until at least 2017 to create their own plans to cut emissions. Arch Coal serves 159 power plants in 36 states.
George Paz, CEO and chairman of Express Scripts, sold 26 percent of his stock in the company. His 681,508 shares sold amounted to a transaction worth $48.8 million. According to a filing with the U.S. Securities Exchange Commission the sale was prearranged and part of an investment diversification strategy.
Emerson Electric president Edward Monser sold 10,000 of his shares at $67.44 per share and now holds 248,604 shares.
UMB Financial officer Lawrence Smith sold 4,989 shares at $57.50 per share and now holds 7,904 shares.
Scott Goodman, president of Enterprise Financial Services, now holds 34,614 shares of the stock after selling 2,800 shares at $17.88 per share.
Executive Alert is a regular report on news involving the Show-Me State’s top executives.